‘Home Prices Bounce back’.
home.co.uk today released their October 2016 Asking Price Index headlined ‘Home prices Bounce Back but Supply is on the Rise’.
Their report leads: Home prices bounce back – up 0.7% since September, reversing prior falls. more….
The summary section begins: Prices are up across the board this month as optimism rises on the back of further post-Brexit stimulus by the Bank of England. Meanwhile, vendors begin to flood the market. Supply is up by 11% year-on-year but it is the key regions of London (+19%), East of England (+30%) and the South East (+23%) (Sept 16 vs. Sept 15) where we observe the largest increases. A rise in demand to match appears unlikely as we head into the slower part of the property year. more….
To read the home.co.uk Asking Price Index report October 2016 in full click here